- 4,119
It appears that Sentinel Security is about to come off the market. Seems like this video was pretty fitting….
Another one bites the dust
- Thread starter Baseball7
- Start date
- 19,579
So, a company not in the FE business leaves the FE business and it's news?
Stevie Wonder saw this years ago.
Who's next? Is Grange going to get out? Chesapeake/Texas Life? Americo? SNL?
Stevie Wonder saw this years ago.
Who's next? Is Grange going to get out? Chesapeake/Texas Life? Americo? SNL?
- 4,839
Did they have cheap rates by chance? Wonder why there have been a few FE carriers to exit the industry in the last year.
- Thread starter
- #4
- 4,119
I think they're an annuity business is probably the problem in this, but they're all interconnected.
- 30,538
- 4,998
Pretty simple. Too low of rates & not strict enough underwriting causing mortality & expense pressures. Or, too high of rates & no sales to cover all the operational expenses
Got an email from them this morning. Seems the insurance commissioner in Utah put the brakes on them.
Something to do with A-CAP.
- 30,538
I won't write them again. That and going to a TPA.....No thanks.
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I never did.
Had a contract but they termed me a couple of years ago for non-p.
Obviously still on the email list though.
They can term that too for all I care.
- 4,998
Way worse than that. Sentinel & Atlantic Coast are owned by the same company that also owns the 2 reinsurers involved with reinsuring the carriers via offshore reinsurance I believe somewhat newer private equity startup. Articles from last spring when they were caught invested in very illiquid holdings like professional soccer teams in Europe.
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